gold price may avalanche, page-242

  1. 33,861 Posts.
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    Yep, what about the ultra-smart university educated central bankers who bought at the peak?

    They're probably sweating hoping the general populace hasn't noticed how many billions they've lost.

    I don't own gold as you know but it's been at the back of my mind for years what's going to be the big winner when gold flops which it seems to doing, dropped below the 200 day MA.

    I own large amounts of shares and have picked up more over the last 2/3 years. Gold's down nearly 6%, DJIA down 1%.

    This from the WSJ this morning.

    'Basically gold's breakdown today may not immediately benefit stocks, but a likely lasting nominal relative downtrend should eventually prove a boon to Wall Street.'
 
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